Coca Cola Inaugurates $100m Bottling Plant


Coca Cola Inaugurates $100m Bottling Plant

The bottler of Coca-Cola beverages inaugurated its fifth plant in Ethiopia at a cost of 100 million dollars. With its new facility located  in Sebeta town, 25Km west of Addis Abeba, Coca-Cola plans to boost its production and introduce new products. The new factory, which is the fifth plant for the company, have the capacity to produce up to 70,000 cases of soft drinks a day. The construction plant began in 2019, following the announcement of a 300 million dollars investment by the company over five years period to expand its operation in Ethiopia. The company also plans to build a sixth plant in Hawassa, 278Km south of the capital.


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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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